Sensex surges 358 points, Nifty up 110 points as exit poll results predict BJP win in Gujarat

Mumbai: Riding high on exit polls that predict a BJP victory in Gujarat and Himachal Pradesh, the Sensex shot up 358 points on Friday, aided by heavy liquidity and a surging rupee. The ruling BJP at the Centre looks headed for a win in both Gujarat and Himachal Pradesh assembly elections, according to a string of exit polls by survey agencies. [caption id=“attachment_2414292” align=“alignleft” width=“380”] BSE building. Reuters.[/caption] The impact was visible as all sectoral indices led by metal and capital goods jumped by up to 1.87 percent. The 30-share Sensex climbed 358.11 points, or 1.07 percent, to 33,605.11. It had gained 193.66 points in the previous session. The 50-share NSE Nifty too went up 110.20 points, or 1.07 percent, to 10,362.30. In the forex market, the rupee appreciated 23 paise to 64.11. Prominent gainers include Adani Ports, Bajaj Auto, HDFC Bank, L&T and Tata Steel, rising by up to 2.48 percent. Globally, at other Asian markets, Japan’s Nikkei was down 0.88 percent while Shanghai Composite shed 0.48 percent in early trade today. Hong Kong’s Hang Seng too fell 0.96 percent. The US Dow Jones Industrial Average ended 0.31 percent down on Thursday.